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    5800 Monroe St Sylvania, OH 43560

    Sponsored
    For Sale
    $495,000

    Prime Sylvania Office Space - $495,000

    Property size:
    2,504 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional executive office space, located at 5800 Monroe Street in Sylvania, Ohio, presents a compelling investment opportunity. The 2,504 square foot building sits on a 9.5-acre lot, offering ample space and potential. Built in 1969, this Class B office building boasts a single story design with 8-9 foot ceilings. The property is zoned B-4 and features convenient access with three curb cuts onto a four-lane road with a center turn lane. Parking is available in common areas. The asking price is $495,000, with a lease rate of $11.00 per square foot gross, plus suite janitorial. The property is owner-managed, and condo fees cover lawn maintenance, exterior building maintenance and repairs (including ground lighting, snow removal, refuse removal, window washing, and HVAC filter changes), lamp/ballast replacement, minor plumbing and electrical repairs, cleaning of eaves, restroom supplies, and property insurance. The building is part of a larger complex totaling 11,268 square feet. The irregular lot offers approximately 540 feet of frontage on Monroe Street, with Corey Road as the closest cross street. The property's location in Lucas County, Ohio, and its substantial size make it an attractive option for businesses seeking a prominent presence in Sylvania. The property is in good condition. The APN numbers are 82-14073

    Property Features for 5800 Monroe St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,504 SF
    Class
    B
    Lot Size
    413,820 SF

    Building Details

    Year Built
    1969
    Stories
    1

    HighLights

    • Sale Price: $495,000
    • Lease Rate: $11.00/SF Gross, plus tenant janitorial
    • Building Size: 11,268 SF
    • Available Space: 2,504 SF
    • One‑Story Building
    • Built in 1969
    Property Profile Location Intelligence

    Current Use by Public Records

    Metals Marketing Inc Hardware Store Dr. Rodney P. ... Endodontist Lyon Software Software Company Scott H Nightingale ... Dentist Nightingale Perio Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6790958
    Latitude
    41.7123562

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Sylvania Office Space - $495,000
    Where is this office property / space located?
    The property is located at 5800 Monroe St Sylvania, OH.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Sale Price: $495,000; Lease Rate: $11.00/SF Gross, plus tenant janitorial; Building Size: 11,268 SF
    (419) 249-7070
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    5800 Monroe St Sylvania, OH 43560
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    Sylvania, OH 43560
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5800 Monroe St Sylvania, OH 43560
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